WESTERN UNION, BACK ON THE NYSE

Published October 11th, 2006 - 07:14 GMT

Western Union’s President and Chief Executive Officer Christina Gold and Hikmet Ersek, Executive Vice President & Managing Director Western Union Financial Services EMEASA, along with several board members and senior executives of the Western Union company, rang the opening bell at the New York Stock Exchange (NYSE) in celebration of the independent listing of the newly created Western Union Company.

Christina Gold, President and Chief Executive Officer, said, “This marks the beginning of an exciting new chapter in Western Union’s celebrated 150-year history. The separation from First Data creates rich opportunities for Western Union to continue to strengthen our brand, expand and deepen our relationships with consumers and agents, and re-invest our strong cash flow in growing the business.  With our vast distribution network of more than 270,000 agent locations in over 200 countries and territories, our marquis brand, financial strength, seasoned management team and Board, as well as our dedicated employees, Western Union is well positioned to be a leading provider of money transfer services in the world.  Going forward, we intend to continue growing by capitalizing on long-term global migration trends and increasing cross-border remittances.”

Hikmet Ersek says of the listing: “This is a very exciting time for the Western Union Company providing an opportunity to shape our own future by continuing to deliver quality and value to our consumers and Agent partners.”

This listing enables Western Union to focus on its core business. The Western Union EMEASA region, which comprises 120 countries and territories with diverse agents from Post Offices, Banks and Retail Shops, is set to play a significant role in the continuing growth of the business.

As one of a handful of companies around the world operating with fewer than 5,000 employees yet generating more than $4 billion in revenue, Western Union will continue to pursue opportunities in the global remittance market and expand its Agent network. The Western Union brand will continue to represent more than a century of providing valuable services to business and consumers with speed, reliability, trust and convenience, while remaining a leading brand with a track record of consistent growth.

Gold concluded, “We look forward to building a future as bright as our past and continuing to provide consumers with a fast, reliable and convenient way to send money anywhere in the world.”

About Western Union

Western Union, together with its affiliates Orlandi Valuta and Vigo, are leaders in global money transfer, providing people with fast, reliable and convenient ways to send money around the world, pay bills and purchase money orders through a network of more than 270,000 Agent locations in over 200 countries and territories. For more information, visit www.westernunion.com.

 


© 2000 - 2021 Al Bawaba (www.albawaba.com)

You may also like